New Line Cinema is currently in negotiations to acquire the rights to the classic TV series, which starred John Ritter, Joyce DeWitt and Suzanne Somers as Santa Monica roommates Jack, Janet and Chrissy. Jack, famously, pretended to be gay in order to have the living arrangement pass muster with the landlord.

Abby Kohn and Marc Silverstein (He’s Just Not That Into You) will pen the script, which will reportedly stay set in the 1970s, with Robert Cort (Jumanji, Runaway Bride) attached to produce.

During its eight-season run on ABC, Three’s Company won an Emmy (for Ritter’s work as Jack Tripper) and two Golden Globes (for Ritter and supporting actor Norman Fell, who played Landlord No. 1, Stanley Roper).